Ninjastic
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Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
MrSike
on 19/05/2014, 04:53:43 UTC
Quote from: Anonymousg64 on May 19, 2014, 04:45:07 AM
Quote from: mikemikemike on May 19, 2014, 04:37:30 AM
Quote from: Anonymousg64 on May 19, 2014, 04:34:51 AM
i can defend them because i know they are doing the right thing
according to your logic no cloud mining operation in existence will exist beyond the next 3 months

i can also make a highly inaccurate projection if you want

to bring up the accuracy i would need to take year over year trends, altho not enough years have gone by yet to get any good reading out of even that


in regards to my situation, satoshidice 163 bitcoins 2012



Cloud mining companies pay out dividends straight away, when the net asset value of the capital is at its highest, producing a much better ROI, they are doing the complete opposite here.

Ok. Look, dude I'm sorry. But please understand, I had a career looking at things like this. The strategy they have selected is solely to increase their own earnings, not shareholders. You really think I'd be going apeshit mental if they wern't trying to do something extremely sinister? If they paid out dividends at a 35/65 ratio again all investors would see a good return, but instead, they are trying to build the mine up as big as possible even though difficulty is going to make it much less profitable. Why? increased hosting fees.

you dont understand that 35/65 would be bad for long term investors, what they are doing now will benefit all investors
companies that pay out dividends straight away may be good for initial investors but completely doom the project and screw over later investors

Run the numbers yourself, look into the cost of running these miners, what is being charged, how difficulty rises compared to how much reinvestment will cover. An engineer like yourself should know how to do this. Don't put blind faith into a company because they say they are doing what is best for the investors. Numbers speak more than words. Or ignore everything discussed here if your goal is to make money for others. If you do run the numbers post them here so we can all see why this is such a great investment for long term holders like you say.